Cadence Design Systems (CDNS) ASM 2025 summary

Opening remarks and agenda

• The meeting was opened by the President and CEO, who welcomed stakeholders and introduced the board and auditor representatives.

• The meeting was conducted virtually, with rules of conduct and meeting materials available online.

• Stakeholders were informed about voting procedures and the opportunity to submit questions for the Q&A session.

Board and executive committee updates

• Board nominees were introduced, including ten individuals standing for election.

• The Chair of the Board addressed a question regarding the director resignation provision, affirming transparency and stakeholder engagement.

Shareholder proposals

• A shareholder proposal was presented requesting semi-annual disclosure of political spending, including recipients and responsible employees.

• The proposal aimed to align the company with peers on transparency and accountability in election-related spending.

• The board recommended voting against the proposal, citing reasons detailed in the Proxy Statement.